NH Senate Bill Could Mean $15 an Hour For NH Minimum Wage. Is This a Good Thing?
The Granite State currently uses the Federal minimum ($7.25) as it's standard hourly wage. A new bill in the NH Senate could increase it by more than double.
According to this WMUR-TV piece, Senate Bill 554 will raise the State minimum hourly wage to $15 in just a three year window.
I always approve of bills like these until I turn on the 24 hour business channels and see silk suited prognosticators preaching that the unemployment rate would be over 80 percent and we'd all be eating acorns and dandelion greens in a ditch if legislation such as this passes.
Then I get really scared.
It has been nine years since the last Federal Minimum Wage hike.
What do you think? Do we need one in NH?